Century Casinos (CNTY) Misses Q4 EPS by 4c, Revenues Beat

Century Casinos (NASDAQ: CNTY) reported Q4 EPS of $0.02, $0.04 worse than the analyst estimate of $0.06. Revenue for the quarter came in at $45.1 million versus the consensus estimate of $42.51 million.

• Net operating revenue was $45.1 million, an increase of 15% from the three months ended December 31, 2017.
• Earnings from operations were $2.0 million, an increase of 16% from the three months ended December 31, 2017.
• Net earnings attributable to Century Casinos, Inc. shareholders were $0.5 million, an increase of 110% from the three months ended December 31, 2017.
• Adjusted EBITDA** was $5.8 million, an increase of 7% from the three months ended December 31, 2017.
• Basic and diluted earnings per share were $0.02, an increase of 110% from the three months ended December 31, 2017.

"This quarter we continued to see revenue growth in each of our segments and ended the year growing revenue by 10%. We are pleased with this growth, especially with the longer-than-expected casino closures in Poland due to licensing delays, which we estimate negatively impacted net operating revenue by $9.8 million," Erwin Haitzmann and Peter Hoetzinger, Co-Chief Executive Officers of Century Casinos remarked. \"We are excited for the upcoming year with the opening of Century Mile Racetrack and Casino on April 1st and a Grand Opening celebration planned for April 28th, the first day of live horse racing," Messrs. Haitzmann and Hoetzinger concluded.

For earnings history and earnings-related data on Century Casinos (CNTY) click here.

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